Determine the value at the end of five years of a $7,000 investment (today) in a bank certificate of deposit (CD) that pays a nominal annual interest rate of 9 percent, compounded under either of the...


Determine the value at the end of five years of a $7,000 investment (today) in a bank certificate of deposit (CD) that pays a nominal annual interest rate of 9 percent, compounded under either of the following three terms. Round your answers to the nearest cent.




  1. Semiannually
    $




  2. Quarterly
    $




  3. Monthly
    $





Jun 05, 2022
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